Is Bitcoin a financial instrument against inflation?

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Many institutions and people are seeing Bitcoin as a hedge against inflation. This has still to be proven itself as during economically uncertain times like these ones, the stocks and cryptocurrency have fallen and proven volatile whilst gold has maintained its value in comparison. Thus we are still to find out and try to get a more detailed answer to the following question.

Is Bitcoin a financial instrument against inflation?

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Question asked also on Quora.com.
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